Cast-in Channel Market is Forecasted to Reach US$ 656.8 million in 2028, Says Stratview Research

The global cast-in channel market is projected to witness a growth rate of 5.7% annually from 2023 to 2028, with an anticipated size of US$ 656.8 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global cast-in channel market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 656.8 million
Growth (CAGR): 5.7% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Cast-in Channel Market:
The global cast-in channel market is segmented based on product type, bolt type, channel anchor type, end-user type, and region.

Based on product type - The cast-in channel market is segmented as hot-rolled and cold-formed based on the product type. The hot-rolled channel is expected to remain the largest segment in the market during the forecast period, as hot-rolled cast-in channels provide the reliability of performance for structural connections with more demanding dynamic, seismic, or oscillating loads. In addition to that, hot-rolled channels have superior strength, high tightening torques, and are resistant to fatigue, seismic activities, and explosions.

Based on the bolt type - The market is segmented as standard bolt, notched bolt, and toothed bolt. The standard bolt is expected to remain the dominant bolt type in the market during the forecast period due to the growing demand from various applications in commercial building construction. In addition to that, standard bolt cast-in channels are cheaper as compared to notched and toothed bolt cast-in channels.

Based on the channel anchor type - The market is segmented as stud anchor, i-anchor, and others. Stud anchor is expected to remain the dominant channel anchor type in the market during the forecast period, as they are mostly used cast-in channel anchor types in North American and European markets. Further, stud anchors provide more strength and anchorage as compared to other anchor types.

Based on the end-user type - The market is segmented as commercial, infrastructure, industrial, and residential. The residential segment is expected to witness the highest CAGR in the market during the forecast period due to demand for various applications in residential construction such as curtain wall facades, elevators, MEP applications, etc. The increasing population coupled with urbanization and the growing construction sector is further expected to increase the demand for cast-in channels for the residential segment.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2199/cast-in-channel-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to be the fastest-growing market for the cast-in channel market during the forecast period. This growth outlook is majorly attributed to the following-
- The demand for the cast-in channel is growing in emerging economies such as China and India owing to expanding industrial sector, increase in construction activities, rapid urbanization, and increasing population.
- In addition to that, improving economic conditions is also expected to drive the market during the forecast period.
- North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry.

Cast-in Channel Market Drivers:

Some of the key drivers listed in the report are given below.
- The growing construction industry and increasing spending on infrastructure development.
- In addition, cast-in channels have the ability to distribute loads evenly across the structure, which can help to reduce stress and increase the overall stability and durability of the building.
- They are also relatively easy to install and require minimal maintenance, making them a cost-effective solution for many construction projects.

Top Companies in the Cast-in Channel Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Halfen GmbH
• Hilti Group
• Guangdong KIN LONG Hardware Products Co., Ltd.
• JORDAHL International
• Fischer Group
• Nanjing Mankate Science & Technology Co., Ltd. (NJMKT)
• Terwa B.V.
• ACS Stainless Steel Fixings Ltd.
• HAZ Metal Fixing Systems
• Steel Sections (Warley) Limited

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Cast-in Channel Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.